President Joe Biden will make his first overseas trip as president in June as he heads to the United Kingdom and Belgium for crucial meetings with allied nations, the White House said Friday. This news comes amid Biden’s virtual climate summit with global leaders as he pushes for reductions in greenhouse gas emissions. On Thursday […] Read more
With the latest coronavirus relief package behind him, President Joe Biden may turn to another legislative priority this year: taxes. Resetting how much Americans contribute to Uncle Sam could be high on the Democratic president’s list of priorities for this year. Biden promised throughout his campaign that he would limit any tax hikes to people with incomes above $400,000. […] Read more
A Paris court found French former President Nicolas Sarkozy guilty of corruption and influence peddling on Monday and sentenced him to a year in prison. He can ask to serve that time at home and also plans to appeal. The 66-year-old, who was president from 2007 to 2012, was convicted of trying to bribe a […] Read more
Arne Sorenson, who turned Marriott International into the world’s largest hotel chain after acquiring Starwood Hotels & Resorts in a $13 billion deal in 2016, has died. He was 62 and had been undergoing treatment for pancreatic cancer, the company announced Tuesday. Sorenson, the third CEO in Marriott’s history and the first outside the founding family, died […] Read more
Wall Street investors largely believe a Joe Biden presidency could mean lower stock-market returns, according to a new survey. As a part of Quarterly Report, we polled more than 100 chief investor officers, portfolio managers and contributors who manage money about where they stood on the upcoming year for stocks under a new administration. The […] Read more
Residents and businesses in the city of Liverpool — known for its tourism, night life and music scene as the birthplace of The Beatles — were put into a strict lockdown Wednesday, with a backlash already underway against the government’s new rules. The city region is now the only part of the country that is […] Read more
The United Nations World Food Program has won the 2020 Nobel Peace Prize for its efforts to combat hunger. The world’s largest humanitarian organization was awarded the prize Friday for its “contribution to bettering conditions for peace in conflict-affected areas and for acting as a driving force in efforts to prevent the use of hunger […] Read more
Lebanon’s political leaders named diplomat Mustafa Adib as the disaster-stricken country’s new prime minister on Monday, starting the formation of a new government tasked with implementing urgent reforms after the previous leadership quit en masse. But for many Lebanese citizens, hundreds of thousands of whom saw their homes destroyed in the devastating August 4 blast […] Read more
Hey, she said she wouldn’t lie. Press Secretary Kayleigh McEnany and President Trump were clowned on social media Tuesday after McEnany said “The president does read,” at a press conference and described Trump as “the most informed person on planet Earth when it comes to the threats we face.” McEnany’s short-notice press conference came days after a report that […] Read more
U.S. rate-setters could set negative interest rates in the future, despite their own current doubts about the risks of this unconventional measure. When central bankers implement negative interest rates, it means that banks, for instance, are paying to store cash. The idea behind it is to boost bank lending, push capital out to businesses, and […] Read more
